Member Info for ocelot

Thought yesterday's deramping was, in general, of poor quality, which, for investors in UKOG, is encouraging.

If you want to deramp, please try to make cogent arguments to support your stance.

Hmm this would seem to suggest that it a lifestyle company that tell punters what they want to hear but actually just exist to provide a decent wage.
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It's not much of a lifestyle, is it? Clanwilliam was remunerated in shares valued at 3p when the share price was, from memory, in the low 1ps.

As pp 52-53 of the CPR show, and as one would expect, the figures tail away in the later years.

It will be for management, therefore, to take advantage of the higher cash flow in the earlier years to build up an alternative source of cash flow in those later years.

On occasions in the past, the share price has moved up at breathtaking speed.

UKOG continues to generate a very substantial level of interest, as the volume of these 2 days, and 107 posts on this board on a Saturday, help to show.

Let's see what the next few weeks produce.

OPEC+ agreed to a one-month extension of its record output cuts and adopted a more stringent approach to ensuring members don’t break their production pledges.

The deal will underpin the oil market recovery, easing the financial pain felt by resource-dependent emerging economies, shale explorers in Texas, and blue-chip companies like Royal Dutch Shell Plc.

It’s a victory for Saudi Arabia and Russia, who put a destructive price war behind them to successfully cajole Iraq, Nigeria and other laggards to fulfill their obligations. The two leaders of OPEC+ showed that they intend to keep a close watch on the oil market, meeting every month to assess the evolving balance between supply and demand amid an uncertain economic recovery from the global pandemic... (Bloomberg)

£25.2m is the net present value (ie. the value "right now") of the Saltfleetby CPR's mid-case forecast.

To arrive at the net present value, the forecast annual post-tax net revenues (ie after operating expenses) totalling £36.3m have been discounted at 10% pa. (see pp52-53 of the CPR).

http://www.angusenergy.co.uk/wp-content/uploads/2020/03/Reserves-Resources-Valuation-Report-Angus-Energy-Saltfleetby-Assets-Effective-Date-28th-February-2020-Report-Date-4th-March-2020.pdf

No idea about any "it will treble next week" posts, but I'm sure they can be safely ignored.

Agree, TrollHunter2, think investors can begin to relax.

Who would have thought, just a few weeks ago, that Brent would now be above $40? The oil market backdrop has improved astonishingly quickly.

The relaxation of coronavirus restrictions means activity on site should be picking up markedly in the very near future.

The 2nd placing, just 5 weeks after its predecessor, suggests that offers of funding continue to be made to the company, that those with funds continue to rate the company's prospects more highly than the market does at the present time.

Don't have access to the article, but the headline suggests its similar to the Express article posted yesterday:

https://www.retail-jeweller.com/news-and-insight/welsh-and-scottish-gold-mining-projects-in-the-pipeline-05-06-2020/

And £25.2m is the valuation "right now" of the Saltfleetby mid-case forecast, on the basis of a 10% pa discount rate (which, in present market circumstances, certainly appears to be very conservative).

Let's see what a revival of activity at HH brings.

Because I look at things right now...
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Those futures prices are the prices "right now" for the futures.

Canaccord indicated their address as Blackpool on the TR-1, so they are operating through a UK subsidiary. It is, therefore a UK-based investor investing in a UK-based company.

A person must notify the issuer of the percentage of its voting rights he holds as shareholder ...

How can it be the issuer of the RNS who needs to be notified?

"issuer" refers to the issuer of shares, UKOG.

gently ticking over - 23 trades so far, the 2 largest being each of 500k shares.

10 mins ago

20 trades on AIM, 14 on NEX.

Alba's price just ticked up as I wrote my last post!

If the media and industry players can take seriously Alba's ambitions, then perhaps it is time for the market to begin to do so also!

Many thanks for posting the article, ANSELMO.